1 week Ago By ABMN Staff
Arizona State Retirement System increased its position in Pinterest, Inc. ( NYSE:PINS – Free Report ) by 1.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The firm owned 163,503 shares of the company’s stock after acquiring an additional 2,231 shares during the quarter. Arizona State Retirement System’s holdings in Pinterest were worth $7,206,000 at the end of the most recent quarter. Several other hedge funds also recently bought and sold shares of PINS.
International Assets Investment Management LLC increased its holdings in shares of Pinterest by 3,402.0% in the fourth quarter. International Assets Investment Management LLC now owns 80,266 shares of the company’s stock worth $2,973,000 after purchasing an additional 77,974 shares during the period.
National Bank of Canada FI grew its position in Pinterest by 47.4% during the fourth quarter. National Bank of Canada FI now owns 126,385 shares of the company’s stock worth $4,576,000 after buying an additional 40,662 shares in the last quarter.
Private Advisor Group LLC bought a new position in Pinterest in the 4th quarter worth about $367,000. Apollon Wealth Management LLC raised its holdings in shares of Pinterest by 49.7% in the 4th quarter.
Apollon Wealth Management LLC now owns 11,345 shares of the company’s stock valued at $420,000 after acquiring an additional 3,765 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Pinterest by 4.
2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,967,316 shares of the company’s stock valued at $146,949,000 after acquiring an additional 158,925 shares during the last quarter.
Hedge funds and other institutional investors own 88.81% of the company’s stock. Pinterest Stock Down 5.
1 % NYSE:PINS opened at $29.25 on Friday. The firm’s fifty day simple moving average is $35.
26 and its 200 day simple moving average is $37.17. The stock has a market cap of $20.
07 billion, a P/E ratio of 139.29, a price-to-earnings-growth ratio of 3.57 and a beta of 1.
00. Pinterest, Inc. has a twelve month low of $23.
59 and a twelve month high of $45.19. Wall Street Analysts Forecast Growth A number of brokerages recently weighed in on PINS.
Rosenblatt Securities reaffirmed a “buy” rating and issued a $48.00 target price on shares of Pinterest in a research note on Wednesday, July 31st. Robert W.
Baird decreased their price target on shares of Pinterest from $44.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st.
Wolfe Research assumed coverage on shares of Pinterest in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Barclays reduced their target price on Pinterest from $38.
00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.
00 price target on shares of Pinterest in a research note on Monday, July 29th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, Pinterest has a consensus rating of “Moderate Buy” and an average target price of $42.
65. Read Our Latest Analysis on Pinterest Insider Transactions at Pinterest In related news, CAO Andrea Acosta sold 3,845 shares of Pinterest stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $43.
90, for a total transaction of $168,795.50. Following the sale, the chief accounting officer now directly owns 189,470 shares in the company, valued at $8,317,733.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . In other Pinterest news, CAO Andrea Acosta sold 3,845 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $43.
90, for a total transaction of $168,795.50. Following the completion of the transaction, the chief accounting officer now owns 189,470 shares of the company’s stock, valued at $8,317,733.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link . Also, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $44.
38, for a total transaction of $1,343,826.40. Following the completion of the sale, the chief financial officer now directly owns 362,822 shares in the company, valued at $16,102,040.
36. The disclosure for this sale can be found here . In the last quarter, insiders sold 36,689 shares of company stock valued at $1,628,002.
Corporate insiders own 7.11% of the company’s stock. About Pinterest ( Free Report ) Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally.
Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012. See Also Want to see what other hedge funds are holding PINS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Pinterest, Inc. ( NYSE:PINS – Free Report ). Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.
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